Understanding the Different Types of Orders

Binance Academy · 2023-06-01T09:29:04.000Z

TL;DR When trading stocks or cryptocurrencies, you interact with the market through orders: A market order is an instruction to buy or sell immediately (executed at the current market price). The limit order waits until the price reaches a limit value (or better) before being executed These are the most basic concepts about orders. Naturally, each of these two categories has variations with different characteristics. Your choice will depend on the way you want to trade. Are you curious? Continue reading.